Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
Rational Special Situations Income Instl RFXIX
- NAV / 1-Day Return 18.04 / 0.00
- Total Assets 799.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.770%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 7.84%
- Effective Duration —
USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:23 PM GMT+0
Morningstar’s Analysis RFXIX
Will RFXIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 24.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Ambac Assurance Corporation 0% | 11.77 | 91.7 Mil | Corporate |
First American Treasury Obligs X | 3.77 | 29.3 Mil | Cash and Equivalents |
JP Morgan Commercial Mortgage Finance Corp 5.337% | 2.25 | 17.5 Mil | Securitized |
MBIA Global Funding, LLC 0% | 1.66 | 13.0 Mil | Corporate |
Gs Mortgage Securities Trust 2010-C1 6.57083% | 1.61 | 12.6 Mil | Securitized |
Msp Deer Finance Syndicated Loan 17.00% Due 04/09/2025 | 1.50 | 11.6 Mil | Corporate |
J P Morgan Chase Commercial Mortgage Securities Trust 2013-WT 7.05108% | 1.34 | 10.4 Mil | Securitized |
Bear Stearns Asset Backed Securities I Trust 11.45034% | 1.14 | 8.9 Mil | Securitized |
GS Mortgage Securities Trust 2011-GC5 5.2983% | 1.07 | 8.4 Mil | Securitized |
JP Morgan Chase Commercial Mortgage Securities Corp. 5.36% | 1.05 | 8.1 Mil | Securitized |